---
# Data monetization with a scalable and configurable platform for financial institutions unlocks new revenue streams
**URL:** https://www.sigmoid.com/case-studies/data-monetization-with-a-scalable-and-configurable-platform/
Date: 2023-08-18
Author: Sigmoid
Post Type: page
Summary: Data monetization with a scalable and configurable platform for retail banks unlocks new revenue streams Developed data products for new revenue opportunities...Read More...
Featured Image: https://www.sigmoid.com/wp-content/uploads/2023/08/Data-monetization-Thumbnail.jpg
---
# Data monetization with a scalable and configurable platform for retail banks unlocks new revenue streams
Developed data products for new revenue opportunities by consolidating data from multiple sources.
[fluentform id="100"]
[lc_get_post post_type="lc_block" slug="case-studies-privacy-policy-statement"]
Developed data products for new revenue opportunities by consolidating data from multiple sources.
### Business Challenge
The customer is a leading provider of FinTech services and products to more than 15,000 banks and credit unions worldwide. However, a significant portion of mid and small-sized banks within their portfolio lack accessibility to customer banking data, hindering data-driven decision-making. They wanted to build data products that are readily available to their clients and deliver data-driven insights for growth and innovation. It was important for the data platform to onboard clients faster, as the previous process took almost a month.
### Sigmoid Solution
Sigmoid implemented a digital banking data platform that combined data engineering, [DataOps](/data-devops/), and advanced analytics. The innovative framework seamlessly incorporated external data via SFTP or GCS, configuring new pipelines and schedules, and also optimizing data consumption for each Financial Institution (FI).
We established dedicated single-tenant Data Lakes, efficiently managed through terraform templates, and created a secure multi-tenant zone compliant with PCI standards for vendor file processing. Sensitive data like SSNs were encrypted before transmission, ensuring privacy. Sigmoid offered comprehensive support, managing vendors, pipelines, analysis, and warehouses. Our Looker-driven model streamlined onboarding, while code quality and CI/CD governance were maintained meticulously. The solution embraced data modeling, governance, and visualization, empowering diverse dashboarding needs.
[Download case study](#case-study-download)
### Business Impact
The digital banking platform helped our customer effectively monetize their proprietary data, offering it as a valuable service to their clients and creating new revenue streams. The customized dashboards helped them deliver enriched data insights to their clients, empowering them to make data-driven decisions, improve products, services, and optimize customer experiences.
90%
faster new client onboarding
Enabled
effective data monetization
60%
faster dashboard load time
## Relevant Blogs
#### [Unlocking e-commerce growth for CPG with data and analytics](/blogs/unlocking-e-commerce-growth-for-cpg-with-data-and-analytics/)
[Read blog](/blogs/unlocking-e-commerce-growth-for-cpg-with-data-and-analytics/)
#### [Top 5 Model Training and Validation Challenges That Can be Addressed with MLOps](/blogs/model-training-and-validation-challenges-with-mlops/)
[Read blog](/blogs/model-training-and-validation-challenges-with-mlops/)
#### [How to Detect and Overcome Model Drift in MLOps](/blogs/how-to-detect-and-overcome-model-drift-in-mlops/)
[Read blog](/blogs/how-to-detect-and-overcome-model-drift-in-mlops/)
[lc_get_post post_type="lc_section" slug="find-out-footer-common-cta"]
---
## Navigation
- [WordPress.org](https://wordpress.org/)
- [Documentation](https://wordpress.org/documentation/)
- [Learn WordPress](https://learn.wordpress.org/)
- [Support](https://wordpress.org/support/forums/)
- [Feedback](https://wordpress.org/support/forum/requests-and-feedback)
- [Sigmoid](https://www.sigmoid.com/)
- [Community](https://community.wpmanageninja.com/portal/space/fluent-forms/home)
- [Docs](https://wpmanageninja.com/docs/fluent-form/)
- [Developer Docs](https://developers.fluentforms.com/)
- [Documentation](https://imagify.io/documentation/)
- [Rate Imagify on WordPress.org](https://wordpress.org/support/view/plugin-reviews/imagify?rate=5#postform)
- [Manage](admin.php?page=litespeed)
- [Settings](admin.php?page=litespeed-cache)
- [Image Optimization](admin.php?page=litespeed-img_optm)
- [Company](/about-sigmoid)
- [Newsroom](/newsroom)
- [Life at Sigmoid](/careers)
- [Takshashila](/takshashila)
- [Contact Us](/contact-us)
- [AI Strategy Blueprint your AI advantage](/enterprise-ai-strategy/)
- [Generative AI Drive innovation with Generative AI](/generative-ai/)
- [Responsible AI Build trust with ethical AI practices](/responsible-ai-in-enterprise/)
- [Agentic AI Reshape business with scalable agentic systems](/agentic-ai-solutions/)
- [AI Managed Services Ensure reliable AI performance](/ai-managed-services/)
- [Advanced Analytics Transform your business with data-driven insights](/advanced-data-analytics-solutions/)
- [Start Assessment](/agentic-ai-readiness-index/)
- [Data Strategy Strong data foundations for scalable AI](/data-analytics-strategy/)
- [Data Management Leverage data as a strategic asset](/ai-data-management-services/)
- [Data Ops Automate data for speed and quality](/data-devops/)
- [Data Engineering Deliver insights faster with scalable pipelines](/data-engineering/)
- [Cloud Transformation Modernize data to maximise efficiency](/cloud-migration/)
- [Download Whitepaper](/ebooks-whitepapers/building-data-products-in-a-data-mesh-to-drive-business-value/)
- [Data Modeling Structure data for better decisions](/data-modeling-services/)
- [Data Visualization Transform data into actionable stories](/data-visualization-service/)
- [BI Migration Enhance decision making with modern BI tools](/bi-migration/)
- [Data Observability Build trust with healthy, accurate data](/data-observability/)
- [Automated Insights Make smarter decisions with auto-generated insights](/automated-insights/)
- [Download Whitepaper](/ebooks-whitepapers/power-bi-hacks/)
- [CPG & Retail End-to-end analytics for planning, operations, and commercial excellence](/industries/cpg-analytics/)
- [Life Sciences Trusted intelligence across clinical, commercial, and operational workflows](/industries/life-sciences/)
- [Financial Services AI-powered analytics for risk, compliance and customer experience](/industries/banking-financial-analytics-services/)
- [Read case study](/case-studies/data-clean-room-enables-real-time-insights-to-improve-operational-efficiency/)
- [MediaIQ Advanced platform for in-flight marketing measurement](/accelerators/sigmoid-mediaiq-multi-touch-attribution-tool/)
- [CampaignIQ AI-driven platform for optimized campaign budget allocation](/accelerators/sigmoid-campaigniq/)
- [AssistBot GenAI email assistant that automates human-like responses](/accelerators/sigmoid-assistbot-for-ai-email-assistant/)
- [CreativeBot GenAI tool for personalized and brand-aligned creative design](/accelerators/sigmoid-creativebot/)
- [SocialBot GenAI platform to analyze digital conversations and trends](/accelerators/#marketing|socialbot)
- [DemandIQ Predict trends accurately and optimize inventory management](/accelerators/sigmoid-demandiq/)
- [NetworkIQ Track and optimize logistics operations in real-time to quickly address disruptions](/accelerators/sigmoid-networkiq/)
- [SupplyIQ End-to-end platform to optimize supply chain operations](/accelerators/sigmoid-supplyiq/)
- [ProcurementIQ Automated procurement operations for maximum savings, compliance and efficiency](/accelerators/sigmoid-procurementiq/)
- [RapidML Accelerated deployment for machine learning models](/accelerators/sigmoid-rapidml/)
- [DataGuard Comprehensive platform for proactive data quality management](/accelerators/data-quality-tool-sigmoid-dataguard/)
- [CloudPulse Cloud cost optimization platform with multi-cloud management](/accelerators/sigmoid-cloudpulse/)
- [RAPID GenAI foundation with built-in governance and cost clarity](/accelerators/sigmoid-rapid/)
- [AnalyticsBot GenAI based platform to streamline decision-making in analytics](/accelerators/sigmoid-analyticsbot/)
- [DataConnect Seamlessly ingest, integrate and harmonize data from diverse sources](/accelerators/sigmoid-dataconnect/)
- [Reconica AI-powered data harmonization and reconciliation engine](/accelerators/sigmoid-reconica/)
- [ConverseBot GenAI driven insights generation for automated insights from reports](/accelerators/#sales|conversebot)
- [iNRM Cross-lever revenue growth optimization platform](/accelerators/sigmoid-inrm/)
- [AssortmentIQ Optimize shelf layouts and assortment mix at scale with AI-based insights](/accelerators/sigmoid-assortmentiq/)
- [Read Whitepaper](/ebooks-whitepapers/building-agentic-ai-chatbots-for-business-process-transformation/)
- [Listen Podcast](/events/podcast/how-jack-in-the-box-is-redefining-personalization-and-supply-chain-with-ai/)
- [Blogs](/blogs/)
- [White Papers](/ebooks-whitepapers/)
- [Case Studies](/case-studies/)
- [Podcast](/events/podcast/#Podcasts)
- [Read Blog](/blogs/the-genai-adoption-triad-responsibility-ethics-and-explainability/)
- [ConverseBot](/accelerators/#sales|conversebot/)
---
## Footer Links
- [Talk to our AI experts](/contact-us/)
- [AI Strategy](/enterprise-ai-strategy/)
- [Agentic AI](/agentic-ai-solutions/)
- [Generative AI](/generative-ai/)
- [AI Managed Services](/ai-managed-services/)
- [Responsible AI](/responsible-ai-in-enterprise/)
- [Advanced Analytics](/advanced-data-analytics-solutions/)
- [Data Strategy](/data-analytics-strategy//)
- [Data Engineering](/data-engineering/)
- [Data Management](/ai-data-management-services/)
- [Cloud Transformation](/cloud-transformation/)
- [Data Ops](/data-devops/)
- [Data Visualization](/data-visualization-service/)
- [Automated Insights](/automated-insights/)
- [BI Migration](/bi-migration/)
- [Data Modeling](/data-modeling-services/)
- [Data Observability](/data-observability/)
- [CPG & Retail](/industries/cpg-analytics/)
- [Financial Services](/industries/banking-financial-analytics-services/)
- [Life Sciences](/industries/life-sciences/)
- [Case Studies](/case-studies/)
- [Thought Leadership](/ebooks-whitepapers/)
- [Blogs](/blogs/)
- [Company](/about-sigmoid/)
- [Newsroom](/newsroom/)
- [Accelerators](/accelerators/)
- [Careers](/careers/)
- [Privacy Policy |](/privacy-policy/)
- [Cookie Policy](/cookie-policy/)